China Financial Services Holdings (HKSE:00605) ROCE % : -13.49% (As of Dec. 2023)

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What is China Financial Services Holdings ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. China Financial Services Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.49%.

China Financial Services Holdings ROCE % Historical Data

The historical data trend for China Financial Services Holdings's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Financial Services Holdings ROCE % Chart

China Financial Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.08

-39.49

-12.31

-0.31

-17.19

China Financial Services Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-16.18	-1.38	0.86	-22.11	-13.49

China Financial Services Holdings ROCE % Calculation

China Financial Services Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-151.992	/	( ( (2644.407 - 1624.843)	+	(2214.651 - 1465.548) )	/ 2 )
	=	-151.992	/	( (1019.564	+	749.103)	/ 2 )
	=	-151.992	/	884.3335
	=	-17.19 %

China Financial Services Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-103.876	/	( ( (2330.547 - 1539.787)	+	(2214.651 - 1465.548) )	/ 2 )
	=	-103.876	/	( ( 790.76	+	749.103 )	/ 2 )
	=	-103.876	/	769.9315
	=	-13.49 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Financial Services Holdings (HKSE:00605) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

China Financial Services Holdings ROCE % Related Terms

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China Financial Services Holdings (HKSE:00605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Financial Services Holdings Ltd (HKSE:00605) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 18 Harbour Road, Suite 5606, 56th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.cfsh.com.hk

China Financial Services Holdings Ltd is a non-bank financial service provider. The company is involved in providing customized financial services and solutions to small and medium-sized enterprises (SMEs). It is primarily engaged in the direct loan, financial guarantee and financial advisory businesses. The company finances its direct loan services using its own capital. In view of helping SMEs to obtain a loan from financial institutions, the company provides financial guarantee services through its financial guarantee company. Geographically, it has operations in Hong Kong, China, and the United Kingdom. Most of the group's revenue is generated from China.

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